BAY CITY, MI – The city will move forward with a plan to use $5 million in bridge money in a matching grant strategy, intending to put the money toward street repairs.
The Bay City Commission unanimously approved a resolution Monday, Oct. 6, directing the city manager to work with the department of public works on a street repair plan, allocating $5 million from bridge lease funds with half dedicated to reserves for future projects.
The approved plan splits the funding equally, with $2.5 million designated for immediate street repairs and $2.5 million held in reserves to leverage matching grant opportunities over several years. The reserved funds will continue earning interest, estimated at approximately $100,000 annually.
Commissioner Ben Tenney of the city’s 4th Ward highlighted the p